Tag: ePayments Systems

Finally! FCA-Regulated ePayment Goes Out Of Business!

FCA Ben - September 15, 2022

On 11 Feb 2020, FCA-licensed e-money institution ePayments System was ordered by the FCA to suspend all activity for “an indefinite period.” The regulator found “a number of weaknesses” in its anti-money laundering procedures. ePayments was one of the big e-money institutions in the UK, with over a million private accounts and more than 1,000 business accounts. One of the company's responsible directors at that time was Robert Courtneidge. Recently, ePayments announced that it would close the business.

Austrian Regulator FMA confirms ePayments Systems suspension for Austria

Compliance tamir - March 7, 2020

On 6 March 2020, the Austrian Financial Market Authority (FMA) confirmed the suspension of the activities of ePayments Systems...

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